Strong Outlook for Tankers

Thursday, March 09, 2006
Oil-tanker owners may have a better year in 2006 than last year as the number of new vessels fails to keep pace with demand for crude, The Royal Gazette reported. The fleet will increase by a net five percent this year, compared with 7.8 percent in 2005. (Source: The Royal Gazette)

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Tanker Trends

Idling Fleet Continues to Surge

Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited.

Egypt to Complete East Port Said Side Channel in 2016

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Concordia Maritime Charters MR Tanker

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Maersk to Idle Vessel

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Russian Navy Trying Hard for Facelift

Official announcements related to naval shipbuilding give the appearance of a Russian Navy that is undergoing a rapid revival. However, the reality is that many

USNS Maury Completes Acceptance Trials

USNS Maury (T-AGS 66) completed Acceptance Trials, November 6, following a week of extensive ship tests and underway events, included testing of major propulsion,

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